---
schema_version: "secwatch.filing_event.v1"
accession: "0000105132-24-000032"
form_type: "8-K"
ticker: "WDFC"
cik: "0000105132"
company_name: "WD 40 CO"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-02T23:47:56.651197+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# WD-40 enters amended credit facility: revolver cut to $125M, maturity extended to 2029

## Summary
- Revolving commitment decreased from $150M to $125M; maturity extended to April 30, 2029.
- Interest benchmark for USD borrowings changed from BSBY to SOFR.
- Intercompany loan limit raised to $25M; investment and disposition limits increased; capex restrictions removed.
- Fourth Amendment to Note Purchase Agreement with PGIM permits the new credit facility with conforming changes.
- All other material terms of the prior agreements remain unchanged.

## SEC filing metadata
- accession: 0000105132-24-000032
- form_type: 8-K
- ticker: WDFC
- cik: 0000105132
- company_name: WD 40 CO
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/105132/000010513224000032/0000105132-24-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/105132/000010513224000032/wdfc-20240430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000105132-24-000032
- JSON: https://secwatch.observer/filing/0000105132-24-000032.json
- Plain text: https://secwatch.observer/filing/0000105132-24-000032.txt

## Key facts
- Material Agreements
  WD 40 CO entered into Fourth Amendment to Note Purchase and Private Shelf Agreement with PGIM, Inc. valued at Amendment to permit entry into 2nd A&R Credit Agreement with Bank of America and include conforming (effective 2024-04-30).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: PGIM, Inc.
  - Value: Amendment to permit entry into 2nd A&R Credit Agreement with Bank of America and include conforming
  - Effective: 2024-04-30
  source text: On April 30, 2024, the Company entered into a fourth amendment (the “4 th Amendment”) to the Note Purchase and Private Shelf Agreement dated November 15, 2017 (as amended on February 23, 2018, March 16, 2020, and September 30, 2020, collectively, the “Note Agreement”) by and among the Company and PGIM, Inc. (“Prudential”), and certain affiliates and managed accounts of Prudential (collectively with Prudential, the “Note Purchasers”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/105132/000010513224000032/0000105132-24-000032-index.htm
- Material Agreements
  WD 40 CO entered into Second Amended and Restated Credit Agreement with Bank of America, N.A. valued at Revolving Commitment decreased from $150 million to $125 million; sublimit decreased from $100 milli (effective 2024-04-30).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A.
  - Value: Revolving Commitment decreased from $150 million to $125 million; sublimit decreased from $100 milli
  - Effective: 2024-04-30
  source text: On April 30, 2024, WD-40 Company (the “Company”), and certain subsidiaries of the Company, entered into a Second Amended and Restated Credit Agreement (the “2 nd A&R Credit Agreement”) with Bank of America, N.A. (“Bank of America”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/105132/000010513224000032/0000105132-24-000032-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.